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FOX Business
Nov 29, 2012 6:00pm EST
. and as margaret thatcher pointed out many years ago, the problem with socialist governments is that eventually they run out of other people's money to spend, and that is what is happening here in the united states. a poll came out today showing that 45 percent of democrats look favorably upon socialism which is a deeply worrying development. fortunately most americans -- gerri: did you say 45? gerri: 45? >> 45 percent of democrats according to a rasmussen poll published earlier today. fortunately the overall majority still believe in a capitalist free enterprise system, so there is still. gerri: the problem with what is being talked about, what is on the table is that it changes so dramatically. individuals, business operators. it -- one each address this directly. wealthy people will never change the way live. it won't change and they spend, how they invest. just because that tax policy. you're laughing? >> that is nonsense. common sense tells you it is not true. an enormous amount of evidence. the to the merit of the european experience. as the france, the british. the answer will be known.
FOX Business
Dec 1, 2012 5:00am EST
of this government, geronimo. and carol says sandra on the cover of time magazine, but it . [laughter] melissa: here comes gerri willis. ♪ ♪ gerri: tonight a warm and likable a. whatthey say could damage your car and the triple a agency. welcome to "the willis report." senator kay bailey hutchison and sarah gerri: hello, everyone. speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. we have two guests. welcome to you both. last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a ry big deal for folks there. today, the presidt is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want
FOX Business
Dec 3, 2012 6:00pm EST
. the government has let small business owners feeling forgotten. one is here with her story. and your shopping questions answered. consumer reports' annual money in nuys list. welcome to "the willis report." ♪ gerri: hello, everybody. i'm gerri willis. a bold counter offer to president obama on the fiscal clef. the new plan contains 800 billion in new taxes, half of what the president was looking for. more importantly, the gop plan keep tax rates the way they are now. we know that is a deal maker for the tie-breaker for the presidents. joining me now, the man some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many and as a finger to about fixing it, michael reagan, founder of the reagan group. i want to start with the republicans plan that they put on the table. they have been accused of doing nothing and all. they come up with their own plan which includes 800 billion in revenue from closing loopholes and eliminating deductions and then 1 billion in spending cuts. it is being rejected from the get go by democrats. grover, what
CNN
Nov 28, 2012 8:00pm PST
the present has asked for, to let the tax rates go up on the top brackets, it would run the government for a limited period of time. roughly $85 billion. so the president really needs to tell us what his plan is. i'm increasingly pessimistic, not optimistic, because the president seems to be campaigning, rather than going anywhere and doing anything to get a deal. because if we don't get a deal, it will hurt a lot of people. >> are you saying that the way we're going now, we could actually go off the fiscal cliff? taxes go up on everyone. >> we don't know what the president has said he needs, because revenue is not enough to solve the problem. as you know, we have a trillion dollar annual deficit and this would not close that gap at all. so the president needs to come up with a plan and for better or worse going to require leadership. no member of the senate or the house is going to be able to do this, this is something the president has to do by himself and he can't do it on the campaign trail. >> let me ask you this because you wrote an op-ed today and you wrote about divided governm
CNN
Dec 2, 2012 7:00am PST
relieved of the burden of having to govern egypt. removing themselves from the political system is more in keeping with the history of the egypt armed forces since the 1967 defeat when they determined being a political army was not good for their organization and their ability to fight a war on the battlefield. >> is the struggle the islamist versus the seculars and is it fair to say as everybody does while the islamists have greater appeal, they're going to win this. >> there are basically three groups here that are contending for the loyalties of the mass of egypt people. one group is the egyptians. the other is the muhbaric loyalists. it was the islamists and the young revolutionaries against the loyalists. now because they have been so heavy handed in the way they have governed the transitions it's now really the revolutionary finds themselves with these loyalists. they're big grievance is this institution. it takes egypt significant step more toward islamic policy. just a really quick example. article two has said in egypt since 1971 that the sharria is the main source of legislati
CNN
Dec 1, 2012 3:00pm PST
rebels say they shot down a government jet. >> children on the back of a tractor make a sizable tangled lump of metal. now a trophy of war, proudly shown off. we want to take these pieces to show them to the orvilleages, he says. let them see what happened to these planes. everyone we speak to here describes the fear they felt any time they heard a jet overhead. for them, this is the greatest victory. >> the wreckage is being picked through pretty quickly by young and old alike. resident thes are telling us, as soon as the strike took place, they began rushing to the scene. one man we spoke to said he was picking olives, he saw the plane being hit and the two pilots ejecting. at that point everyone fanned out, looking for them. he and others are telling us that one pilot was found unconscious with a head injury. >> video posted to youtube shows a man in military uniform, seemingly unconscious, being carried away. as a man offcamera states, here is the pilot who is shelling the houses of civilians. another clip is of him in a makeshift field clinic, head bandaged a voice says this is the
CNN
Dec 3, 2012 1:00pm PST
? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white house proposal on this part of the equation as well as on the tax equation. the politics behind this latest republican counterproposal, are they just go
FOX News
Dec 4, 2012 10:00am PST
, for exactly the reasons you just mentioned, because the government, you know, from the top down refuses to acknowledge this as terrorism, refuses to acknowledge the radical islamist angle, that he was communicating with a spiritual leader of al-qaeda before this attack happened, and because they still want to call it a workplace violence incident, they're unwilling to take all the necessary steps they would need to acknowledge that this guy's a traitor, killed our fellow members, and we're going the use every step possible. instead he's just a regular defendant on a murder trial, no islamic angle, and they're limited. megyn: well, you could make the argument that this will preserve the credibility of the verdict if it comes down guilty at the end of all these proceedings, that we bent over backward to protect this guy's rights as we do in our criminal justice system. pete, great to have you here. thanks so much for your perspective. >>> up next, a bombshell in the legal battle between the lawmakers in one state and their teachers' union. >>> plus, the woman best known for running "vogue
FOX News
Dec 6, 2012 6:00am PST
: the syrian government confirming it's getting its chemical weapons ready and may use it. the assad regime prepared the nerve gas sarin and loaded it. martha: i'm martha maccallum. president obama is warning assad that the whole world is watching his actions very closely, and if he were to use chemical weapons on his own people, it would clearly have large consequences for him. bill: secretary of state hillary clinton called an emergency meeting with the pentagon. >> the pentagon has contingency plans for everything including the chemical attack. it's believed according to a u.s. source that syria has put this sarin fast into cannisters that could be dropped from planes. these cannisters are designed to fracture so the devastating nerve gas could escape. but it's not known whether syria intends to use those chemical weapons. we think we have it in aerosol form. the u.s. is making contingency plans in case bashar al-asaad leaves the country suddenly and flees somewhere for asylum which would leave a vacuum there. several countries in that region are trying to find a place for assad to go. s
MSNBC
Dec 2, 2012 5:00am PST
the government, that creates a backlash and they go up. i wonder if that's how you think about it or that's how the hisry played out. >> what impresses me is americans have been more open to revenue raising and tax increases. the period i study is the post war period in the united states, between the '40s and '70s. states were facing fiscal pressures. they raised taxes. this is republican governors and lawmakers, democratic governors and lawmakers. they found that individuals, you know, the voters, the taxpayers were willing to retain those taxes when put on the ballot. there's an equilibrium, you can go too far either direction. americans are actually quite happy with using revenue to solve the budget impasses. i think we have gotten out of practice, politicians in particular. >> can i add something? it's an interesting point, then at the federal level, what's fascinating is it did you want matter how high top marginal race has been in the last 50 years or 60 years. the ability of the federal government to actually collect more revenue as a share of gdp has been fairly constant. so there's thi
FOX News
Dec 1, 2012 2:00am PST
. it is pathetic, how badly republicans do whether it is the presidential campaign or trying to govern when they are competing with the news media and obama, which is the same thing. they have got to rethink their entire communications strategy. >> sean: i think i like your proposal better than mine. i said one piece of legislation. you are right, i'm wrong. i think a series of -- >> thank you very much. i'm very grateful, that's nice. >> sean: i'm listening closely to what you are saying. i think is far more effective way, strategy and tactic than what i proposed which is one piece. i think to show the very things the democrats are against is good. one question, howard dean and some of the people on the hard left they've come out and said that this is a good thing. because the thinking is, they get sequestration, gut the military, raise taxes but they don't get the blame for it and they get to blame republicans. do you think this is maybe the strategy of the president considering how awful and insulting that plan was that he offered? >> i think it could be his tactic his goal. i think repu
FOX News
Dec 6, 2012 10:00am PST
in the government's effort to go after the rebels. i mean, we have seen babies and children, women, civilians tortured and killed day after day in syria. and now the thought that they might unleash chemical weapons on them is focusing new attention on what happened back in 1988 when saddam hussein did it. he used the same type of chemical weapons to kill kurds, thousands of them. again, back in '88. thousands of innocent died in the attack, more than 10,000 suffered horrific injuries, not to mention -- we'll talk about it, exactly what happened in '88, how it unfolded, how they handled it and what the death toll was. they said birds just started dropping out of the sky, sheep and goats -- that was the first sign -- started keeling over in the fields dead, and then came the human death toll. it happens quickly, and it is awful. and it is one of the reasons why our government is taking this so seriously, this possible threat. and preparation now of weapons like sarin gas. more on that coming up in just a bit. >>> also from washington right now, fox news has confirmed that the fbi is today inves
CNBC
Dec 4, 2012 7:00pm EST
to expand the government. i wish the majority of the middle class saw it that way. more than half the country felt that his left wing agenda was it. it isn't eventually the middle class is going to get nailed. and the spin will be that republicans jacked up the economy so badly. >> i think that is where this is going. i think there could be a tax and maybe it can't get through congress. but i have never seen a time, i have seen polls on this. taxing the rich. they know that. one last point here. going from government to welfare getting a job. do you know there is a high tax rate? we have to figure out a way to make it work so that people don't get hurt. >> i think the government is probably 80% too large. that would be a tremendous engine to close the gap between the rich and the poor. they can will to their children. we don't have that now. i think that is the engine of both in the conneconomy. but i'm not going to give up the fight. larry elder. well done. good luck on the book and the radio show. >> let's get to good news. i'm going to take a closer look at sunshine next up. st
FOX Business
Dec 5, 2012 5:00pm EST
with this. this is all about, all about trying to preserve medicare. so the government in this case is unusually probably trying to do the right thing. i don't know everything about it yet because it is still a little furry around the edges. but aarp jumped on this. this is not good for members. the premiums. will go down. melissa: if it went through it could be good for the members in the sense that medigap premiums would go down. >> exactly. melissa: that is something their members would really like. but once again they would not. this is the big sticking point that happens again and again. >> right. melissa: you think aarp is out there because you're a senior lobbying in your best interest. meanwhile on their website, call your congressman, do this, do that e-mails. you could be following their lead and doing things actually against your best interest. >> yeah. the problem if you don't really pay attention to what they're doing they mask it so beautifully. they really do, a good job. i watch their commercials all day long. always sounds like they're advocating for their seniors.
MSNBC
Nov 29, 2012 1:00pm PST
strength during the olympics of course, he proved that, to really help the federal government become more efficient and more effective at setting out or meeting the commitments it makes. i think why not bring in a republican business guy to do that and there's certainly a wonderful tradition. truman brought hoover in from the cold in the 1940s and there was a man who had been villainize ed since the great depression and he ran the hoover commission. of course, fdr, the british were already in the war and he sent wendell willkie over as his personal emissary. there's a great tradition of using the person you beat if you're on the right page. >> aside from that luncheon, chris, speaker -- >> they're not there, though. they're not up to this level yet. these two fellows. i don't see it yet. >> speaker boehner continues to stamp his feet. he says treasury secretary tim geithner, with whom he met this morning, i'm quoting him, has no specific plan. but isn't speaker boehner confusing the issue here? the president has made it clear that he wants to sign a bill that's already passed the senate a
CNBC
Dec 5, 2012 7:00pm EST
detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised to use chemical weapons against their own people, and all it would take really is the final order from syrian president assad. but we have learned that as of today, all the precursored chemicals for that deadly nerve gas have in fact now been loaded on to aerial bombs, but those bombs are still in the depots. they haven't been loaded on to airplanes yet, and president assad hasn't given the order. but they're pretty close, larry, and that's why earlier this week, of course, president obama issued a very strong statement aimed at president assad saying look, if you use these weapons against your people, there will be se
FOX Business
Dec 3, 2012 9:20am EST
out of denmark. >> i mean, in the sense of the new government cut off my funding. stuart: because of your position on global warming and environmentalism. >> yes we don't want to it hear good advice. stuart: what's your advice on the carbon tax, if we got one, would it help reduce co 2 emissions? >> well, any climate economist would say a low carbon tax makes sense, but the problem is, it will only cut a very tiny amount and of course, what you really have to remember, you're never going to get china or india on board. so essentially, it's going to have a very, very small effect. it's not the solution to climate change. >> would you say that the co 2 emissions are causing temperatures globally to rise. >> yes. >> and that's accurate? >> and in the long run, we do need to cut back on carbon emissions, but the way that we're trying right now, the way that we're trying in doha and many international areas is not working and we're essentially making up these promises, but what are we doing? we're sending productions to china and india, so essentially we're putting out more co 2, but n
MSNBC
Nov 30, 2012 6:00am PST
welker, thank you. >> thanks. good to see you, chris. >>> now from the third branch of government. we're covering the entire government today. we'll find out if the supreme court will weigh in on a pair of hi high-profile cases that would help define the rights and benefits of same-sex couples. pete williams is the justice correspondent. he joins me from outside the supreme court. good morning, pete. >> reporter: good morning, chris. we're wait to go hear whether the court will take either of these two cases. the defense of marriage act passed in 1996 by congress, signed into law by president clinton. and what it says is that for federal law purposes, marriage can exist only between a man and a woman. so that means this in the nine states where same sex marriage is legal, if a same sex couple gets married there, they're considered mayrried for state lw but not federal law and the practical consequence is they are denied about 1,000 federal benefits, tax benefits, survivors benefits, to be covered under health insurance. that sort of thing. it will have to decide whether that law is un
FOX News
Dec 4, 2012 3:00am PST
to the regime since 2009 when the iranian government was caught off guard and saw the large presence on the internet and getting information from outside of the country and sending information from inside out. it was the twitter rev -- revolution. they were using youtube and blog citizen journalist . this is the dialogue and communication that the government wants to control. so on - >> gretchen: so they are putting satellite blockers. >> it is working. every time there is an obstacle in place they are fining ways to work around it they are technological savvy. three-quarters of the country is under the age of 35. this is not someone they can suppress for too much time . the message to the west and united states in particular, is that this is the achilles heel of the government in iran. they want to protect their existence and they feel vulnerable . they will go to any ends to stop this flow of information. >> gretchen: what should westerners be aware of? is there anything can do? >> support the iranian people in terms of the programs. in the 2009 uprising, there were independent com
CNN
Dec 4, 2012 4:00pm PST
not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax hikes at all. so unlike harry reid, i actually feel genuine sympathy for john boehner. so kudos, speaker, for showing deserters or desenters who is boss. boehner stripped house members who opposed key committee assignments today. and earlier i spoke with one republican leader in the house who himself has been out of step with boehner in recent days. deputy whip congressman tom cole of oklahoma. he said the gop should agree to obama's proposal to extend bush tax rates for households that make less than
FOX News
Nov 30, 2012 6:00am PST
increase and take away any restraint on the government borrowing of new money you're looking at potential higher unemployment, that the real danger you have runaway borrowing and set up what is called a debt crisis at some point in the future. this plan or anything like it, if it is imposed january the 1st is very bad news for the economy. martha: you know, democrats say republicans, we just saw chris van hollen, representative van hollen saying come forward, republicans tell us what you would cut from spending. perhaps republicans need to come out with something equally unpassable, perhaps but as a starting point? melissa: well the republicans have proposed they will allow, they will go for some added tax revenue, get more money from wealthy people. they have already proposed that. that has been flat-out shot down with the democrats. martha: because not in form of increase in tax rates. melissa: precisely. the president insists on rearranging society, redistributing wealth. that is at the core of this plan. the republicans oppose that. they're miles apart. but you take the politics out o
FOX News
Nov 29, 2012 5:00pm PST
the christian philosophy in many different ways. does the atheist think the federal government is promoting mormonism? lutheranism? catholicism? what? after that interview the crazy left sight emerged screaming i was wrong. christianity is a philosophy. you don't have to believe jesus is god in order to admire his view on life. millions of muslims admire jesus as a profitt. in -- prophet. again if you are stone cold dumb, and don't understand the difference between an organized church and a philosophy, i cannot help you. in 1927, president calvin coolidge made my point when he sent this christmas message to the american people, quote: christmas is not a time or a season but a state of mind. to cherish peace and goodwill, to be plentyst and mercy is to have the real spirit of christmas. if we think on these things there will be born in us a savior and over us will shine a star sending its gleam of hope to the world, unquote. that's from my private collection, by the way. is calvin coolidge promoting religion in that christmas greeting? of course not. he is promoting a mind set of goodwill. m
MSNBC
Nov 28, 2012 8:00pm PST
are in congress, you will reign in spending and reform government, not raise taxes. >> they are just going right back at one another aren't they, boom, boom. these are republicans, all of the sudden just at each other's throats. republican congressman, peter king, responded. >> the fact he brought my wife into it. i don't think he has ever met me, certainly never met my wife. he better hope he doesn't. she will knock his head off. >> king also explained why norquist is wrong on substance. >> i did sign a pledge back in 1996, during the whole conflict with the clinton administration over the government shutdown. i was totally opposed to any tax increases at that time. but to say that a pledge on an issue like taxes would last for a lifetime is ridiculous. ronald reagan raised taxes a number of times because that's what he had to do to close the deal. >> when norquist started his anti-tax pledge, the deficit was $220 billion. now, it tops $1 trillion. this is a turning point for the gop or at least it could be. the other thing you need to know about is the money trail. in 2010, 66% of funding for
MSNBC
Dec 5, 2012 1:00pm PST
't respond to, this party that has paraded around, the party that wants to rein in government spending, they are unable to identify any changes in medicare or entitlement spending which shows the tea party at its core was a phoney, phoney movement. >> joy, it's interesting to hear ron referring to august 2011 because a number of refers appear to have forgotten something happened in november 2012 called a presidential election. >> right. it was an election in which president obama, unprecedented for a democrat, actually ran on a platform of raising taxes. he said, i'm going to raise taxes on the top 2% and he was re-elected resoundingly with it. to what ron said, if it's only $14 trillion, what's the big deal, go ahead and let the rich pay it? that's number one. number two, the other thing that's been exposed and what's true, what's always been true about conservativism is that the core principle is the rich don't pay too much, they pay too little. when they say things like broaden the tax base, they think it's a moral hazard to have a progressive tax code. you want a flatter tax code f
CNBC
Dec 4, 2012 4:00pm EST
the presidential palace today. jim joins us now on the telephone. >> well, those tense of thousands of anti-government protesters who did the marching on the presidential palace were initially met by riot police who blocked off all approaches to the symbolic seat of power, the palace. these protester were calling loudly for an end to president morsi's decrees. we know they've given him near absolute power. they also call for a cancelling of that snap referendum that he's called for to ratify a draft constitution, which many critics here are saying favors egypt's islamists. at one point, the police were seen firing tear gas into the crowd, but that backfired when some protesters broke through police lines. police then dropped back, regrouped, and order soon returned. eventually morsi's motorcade was seen leaving the palace. then the police slowly left the area as well, leaving it to a lot of baffled protesters, wondering what to do. many of them went home at that point. maria, the opposition calmed this protest a last warning. it may give them a shot in the arm. they did look good tonight and looked li
CNN
Dec 6, 2012 9:00am PST
, and has been cause for concern before. not only because the government there might use it, but also because many of these weapons could fall into the hands of terrorists. precisely what are we talking about? first of all, mustard gas. this is an old chemical weapon. it was used in world war i. it doesn't act very quickly, but it's extremely painful. it burns the skin. it can burn the eyes, and when inhaled, it burns the lungs. it can be fatal, but more often is t simply renders an opponent unable to fight anymore, and it can create chronic health problems, like respiratory illness and blindness for the remainder of life for some of the people who are exposed to it. beyond that, let's look at some of the other ideas here. sarin gas is one of the concerns out there. sarin gas attacks the nervous system, and in even small amounts it can cause uncontrolled trembling, then convulsions, then unconsciousness and death. beyond that, there's even concern that they might have vx gas. some scientists consider this one of the most dangerous chemicals on the planet. it was originally developed a
CNN
Dec 1, 2012 4:00am PST
demgraphically at african-american voters, they are less inclined to believe that absolute limited government works. i think the gop is going to have to go more towards a small government, economic populous message. >> as funny as it sounds, you were very clear about the ambiguity this week on redstate.com. you're not sure what republicans in congress stands for as it relates to fiscal issues. where would you like to see them go? >> i would like to see the gop be a limited government party. it makes the case that spending from washington doesn't actually help people. the younger voters actually think it does. the gop needs to make the case it doesn't. but, in particular, i think republicans need to understand that it is easier because of them and because of the democrats for a major corporation to go to washington with lobbyists and get loopholes in the law than it is to innovate. the gop needs to stop being the party of big business and start being the party of entreprene entrepreneurs. >> let's listen to something senator john mccain said this week about demographics and moving forward poli
FOX News
Dec 3, 2012 8:00am PST
christmas and new year's. they do understand how serious this is. that's what they're elect to do, govern, e. jon: matt, what i've seen own sunday shows both sides are hardening. >> i worked for a president who faced challenges when he went into his re-election with hurricane katrina. what can happen at beginning of second term, we saw this with ronald reagan, we've seen it with so many presidents, their second terms seem to be a little bit of disappointment, don't live up to what they accomplish in the first term. one of the problems with president obama he rolled out of this election thinking he won the election, he can can set the terms of conversation. he needs to remember the republicans control the house of representatives. they understand their political fate is tied to working with the president and being bipartisan. there are certain things they >> first of all, let me say that republicans and democrats have to stop drawing lines in the sand. they have to get in a room and talk to each other. we'll have to make difficult decisions. we have to increase revenue and we have to reduce g
FOX News
Nov 29, 2012 3:00am PST
the federal government work better. the president requested reorganization authority from the congress to do just that. >> chief strategist from the romney campaign described the way president obama won reelection . there was a time not so long ago when the problems of the democrat party was too liberal and too dependent on minorits. obama turned those problems to advantages and rode that strategy to victory. it comes six weeks after a face to face showdown on the deadly raid in the u.s. consulate in benghazi. >> you said it an act of terror. it was not a spontanous demitration. >> please proceed, governor. >> i want to make sure we get that for the record. >> and while he is in town, he will meet with congressman paul ryan. they have kept in touch and at a are catching up somewhere off cap capt hill where ryan has returned to work. >> steve: i wonder if candy crowley will be invited. >> gretchen: it is a photop. it is disappointing in the sense. if it were president bill clinton, you might think that something. ideas might be exchanged with one another. >> steve: some folks suggest that may
CNN
Dec 4, 2012 6:00am PST
rely on food stamps. republicans say it's far too many. it's government assistance out of control. certainly a major theme during the republican primary. >> president obama has been historically the most effective food stamp president in american histor history. >> in light of the continuing controversy over food stamps, new jersey democratic mayor cory book booker will live on food stamps saying, quote, nutrition is not a responsibility of the government. >> as you mentioned this all sort of began as a back and forth on twitter. we'll get to that in detail in a moment. first i want you to look at something that mayor booker posted on his twitter account. it is a grocery store receipt from pathmark, detailing some of the things that he bought. you can't really see it closely but we can tell you some of the things that he bought include red delicious apples, yams, broccoli, corn, chickpeas and lots of black and pink beans. he is documenting his week on food stamps on twitter. that means that he will live off of about $30 a week on groceries. that works out to about $4.32 a day. and
CNN
Dec 6, 2012 4:00pm PST
. >> it certainly is. the problem is though, this is all states rights versus the federal government. but it's still a federal crime, so what's the federal government going to do? could they shut it all down? >> this is the $64 billion question. what is the federal government going to do. the only thing they've said is they're reviewing the laws, they're going to sit back and see how they are implemented and see where they can go from there. they've reminded both states pot is still illegal. i think the concern is when you create these havens of legal pot in colorado and here in washington state and have a black market around them, what's going on the effect? are these going to be magnets for illegal pot? are you going to have problems on the border a? it's not clear. they're waiting and seeing how this goes. >> thanks very much to miguel. miguel's talking about marijuana and it got us thinking about the war on drugs. it's cost this country more than a trillion dollars since it was launched by president nixon as the war on drugs 40 years aerks but the effort is being dubbed a failure and waste of mo
ABC
Dec 2, 2012 8:00am PST
was, a detailed set of reforms in health programs, government programs over ten years, which are going to be tough, but we think they make sense. they don't like all those changes, they might want to go beyond that. but they have to tell us what those things are. you're right on the revenue side. we're proposing to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a very long time. the president campaigned on it and i think that's where we're going to end up. and i think that's there going to be very broad support from the business community and from the american people for an agreement with roughly that shape. >> when you talked about limiting the deductions there have been proposals from governor romney during the presidential campaign, and from other republicans, when you talk about those limitations on deductions, do you include the charitable deduction and the home mortgage deduction? >> i think
MSNBC
Dec 3, 2012 10:00am PST
the immediate impact from the government coming back and spending wouldn't be that great. the question then is how do businesses and consumers react? i don't think it will be a pretty sight. >> what about the debt ceiling? there was a suggestion? geithner's opening bid that they do a permanent fix and give the president the operative control over whether or not the debt ceiling is raised. there's a lot of confusion out there about what the debt ceiling really is. opponents to this tend to argue this will increase government spending when you and i know it's just to raise the limit for what congress has already appropriated to be spent. >> in a perfect world a debt ceiling is a stupid way to run a railroad. congress should appropriate what it wants to appropriate. the white house and the executive branches should go ahead and spend it and that's the way you should run it. we're not in a perfect world and we have the debt ceiling. i don't see any possibility that the republicans are going to permanently give up the right to weigh in on the debt ceiling from time to time. on the other han
MSNBC
Dec 6, 2012 10:00am PST
the size of government. and i welcome that. he's choosing to do it outside now rather than inside the senate but he's had a huge, positive influence on the senate and we're going to continue to see that for years to come. >> senator, this may seem like a simple question, but i wonder, and a lot of people do is the senate from your perspective, is the senate a difficult place to be if you are someone who comes from executive background or someone committed to getting things done? is it a frustrating place to exist, day in and day out? >> i would say to you, i saw the article that you wrote earlier today, governors do -- who are used to having their own planes and flying around their states and controlling their own schedules do find it more challenging in the senate. i came from the state senate in wyoming. i enjoyed the opportunity to work with people on both side of the aisle to discuss the issues and continue to try to move proposals forward that i believe in about. i believe this is a place where you can make an effective difference in the direction of the country. >> now, let'
FOX Business
Dec 5, 2012 1:00pm EST
note this morning way to raise government revenues in terms of negotiating power. long-term growth with high income taxes and on the downside the least harmful consumption tax and property taxes. is anybody listening to this? >> we just put this out. we like to get congress focus on doing the least amount of harm while they raise revenues of some sort. you can do through asset sales, develop kind of things thee3 government owns and does not own. a lot of things in terms of oil leases and about a trillion dollars worth of mineral rights the government can sell off rather than raising taxes. they can equate government workers to pay more towards the health insurance and pensions, that would be a good thing and raise revenues. there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of
CNBC
Nov 29, 2012 4:00pm EST
-term contracts. the government is in support of energy independence in this country, so we don't think the taxes change for mlps and energy infrastructure investments. finally, if you like high-yield corporate bonds, we love high-yield municipal bonds where we're getting 6% federally tax free. corporate high yield has rallied too much. we've sold it. >> rick santelli, should we be focusing on something else? this constant focus on the fiscal cliff, obviously, it's been dictating sentiment. it's been dictating markets. are there other areas that investors should be looking at? >> well, i had a guest this morning, dr. saunders, who's testified on issues regarding housing, fha, in front of congress. he knows what he's talking about. he brought up what many of us are looking at. a lot of -- you know, real estate, residential construction was one of the positives in today's gdp report. we've seen a lot of positives in housing. but there's been a lot of legal ranging over a big group of foreclosures that looks like it's cleaned itself up. 2013 could see a lot of these dumped in the marketplace. i thin
CNN
Nov 30, 2012 8:00am PST
, the israeli government spokesperson called the u.n. vote on the palestinian authority, quote, political theater. but the palestinian authority chief negotiator says the new status eliminates israeli justifications for building settlements in the disputed areas of east jerusalem and the west bank. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue
CNN
Dec 1, 2012 5:00am PST
university where we are and saying we support president morsi and like the anti-government protest we can put on a large demonstration, too. a large turnout. a few thousand women. the gathering overwhelmingly men, and it's energized, chanting slogans. again, some of the opposition leaders and in support of the president. really this turnout puts into focus the conflict here between the opposition factions, the liberals, the moderates, the secularists and the president's supporters, the islamists, the supporters of the muslim brotherhood. the people here at the brotherhood demonstration support the president's move. they like the draft of the new constitution. they like that in about 15 days everyone is going to go out and have an opportunity to vote on the constitution, and they say this is how democracy should work. however, in tahrir square, you have the opposition faction. their position is they have been sidelined, squeezed out in the process of the draft of the constituti constitution, and they believe the islamists, the muslim brotherhood, president morsi, they have been sidelined by th
FOX News
Dec 5, 2012 10:00am PST
forces battling government troops in damascus today. you can see rebel snipers shooting from inside buildings. secretary of state hillary clinton now raising more concerns that bashar al-assad may resort to using chemical weapons against his own people. hillary clinton saying the u.s. is worried about an increasingly desperate bashar al-assad may use the weapons or lose control of them. this battle has been exploited to some extent by al qaeda. the rebels have been infiltrated by al qaeda, which is becoming a growing force there. in any event, the concern about chemical weapons is vast. we will have one with the united states is now doing about the situation with general jack keane coming up in a bed. on capitol hill, national intelligence director james clapper just got done freaking house members on the deadly terror attack against our consulate and then got become libya. fox news has learned that mr. james clapper show them a timeline of the attack. you can see demonstrators reaching across and they began to loot and set fires. some of the demonstrators are seen armed, and there'
FOX Business
Nov 30, 2012 4:00pm EST
is holding up extremely well and what everyone has priced in is the government is going to be keeping more of our money and giving benefits but what also factored in is the fact that real-estate has turned a corner and that is a much bigger driver of next year's growth and there might be some uncertainty everyone believes even if we go over the cliff they will get to resolution a couple weeks after that and the market might need to go 500 points to get them to do something they will still do something. dave: a very interesting point. the market has priced this volatility inside. i am wondering how far the pricing goes. for example because the demands from the white house were so extreme there were no spending cuts at all except that promises about the future of medicare and double the cost of tax increases. if they don't reach a conclusion ben bernanke says we are a recession, has that been included in the price of the market? >> i don't see how it can be. with the vix close today was 15 and the proposal is ridiculous. the last 70 years, a percentage of gdp, spending is about 20 and 50% of
CNN
Nov 30, 2012 1:00pm PST
, to reshape the role of government in our lives for the next decade. so you've got to be with me on this. and in the short-term maybe he can say to them we're not going to do entitlement reform, but in the long-term -- and there are some progressives like dick durbin -- senator dick durbin of illinois who says you've got to do this. in the long-term we have to do entitlement reform. i would argue that in the short-term we ought to look at something that might look like the clinton coalitions, which is that the leader of each party, the president and john boehner, might have to take not a majority of his own party, but less than that and come together to forge some kind of a deal. i may be living in a dream world, but i think that's within the realm of the doable. >> we also have this issue of negotiation by public appearance. john boehner versus the president of the united states. and we want to just look at the sound bites from today and talk about how much of this is posturing and how much of this is sort of revealing a bottom line. let's listen. >> when i came out the day after the el
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